November 20, 2008

Everyone seems to agree that flooding the market with empty, foreclosed homes does not help neighborhoods maintain stability – either as a way of living, or regarding the value of homes. Empty homes do nothing for a neighborhood.

Recently some organizations are taking tentative steps to allow homeowners who are defaulting on their mortgage to remain in their homes –at least for the time being.

Fannie and Freddie Mac have announced that they are freezing foreclosure sales until after the new year while they review strategies and the future of their organizations. J.P. Morgan Chase & Co. and Citigroup Inc. recently announced foreclosure-prevention programs that aim to reduce interest rates, extend repayment schedules and, in the case of Citigroup, reduce loan amounts, to help borrowers keep their homes. But the programs have focused primarily on loans wholly owned by those companies because they feel they have more authority to rework those mortgages.

HSBC is also making more options available to more people. For example, it is contacting customers before their adjustable-rate loans reset to higher rates and freezing the current rate or allowing the borrower to pay a rate below what the new rate would be. The bank also is lowering fixed rates for selected borrowers. All this in an effort to stave of foreclosures.

One way of stabilizing markets where supply exceeds demand is to regulate supply. That way the people who can buy homes can buy from sellers who can’t afford to stay in their current home. But, amazingly enough, new home construction is still going on – even in saturated markets. Merrill Lynch economist David Rosenberg suggests, only half-jokingly, that the Treasury should impose a moratorium on home building. "It sounds like lunacy, but we have to destroy the housing capital stock to help put a floor under the market," he said.

This is an inactive RePage. If you are Robert Hanks and wish to reactivate this page, please visit www.RePagesOnline.com for instructions.

Local Information for Bridge City, TX

Latitude: 30.034211 -- Longitude: -93.842836

ZIP Codes for Bridge City, Texas	77611
Area Code for Bridge City, Texas	409
Time zone for Bridge City, Texas	CST

Other Area Cities: Bridge City, TX Orange, TX Port Arthur, TX

Enter our Photo Sweepstakes and Win $200 for your Bridge City photos!

To see random photos for other cities Click Here.

Submit your photos of Bridge City and become eligible to win $200. Click Here for details.

Bridge City is a city in Orange County, Texas, United States. The population was 8,651 at the 2000 census. The town borders the Neches River and Cow Bayou. The city was originally named Prairie View, as it was located on the coastal grasslands of the upper Texas coastline. But in 1938, the Port Arthur-Orange Bridge (now known as the Rainbow Bridge) was built, and the unincorporated area took on the name "Bridge City". Despite several previous attempts, the city did not incorporate until 1970. Bridge City got its name from the fact that one has to cross a bridge to enter the city. Out of the three major roads that enter Bridge City, Chemical Road, HWY 87, and F.M. 1442 - all of them cross a body of water. HWY 87 crosses the Neches River and Cow Bayou - Cow Bayou on the Orange side and the Neches River on the Port Arthur side. Chemical Road crosses a branch off of the Sabine river and Cow Bayou. -- Source: Wikipedia.com

Texas 2000 Census Population Profile Map

	Bridge City	Texas	United States
Population	8,651	20,851,820	281,421,906
Median age	35.8	32.3	35.3
Median age for Male	35.3	31.3	34
Median age for Female	36.3	33.4	36.5
Households	3,195	7,393,354	105,480,101
Household population	8,610	20,290,711	273,643,273
Average household size	2.69	2.74	2.59
Families	2,477	5,247,794	71,787,347
Average family size	3.07	3.28	3.14
Housing units	3,432	8,157,575	115,904,641
Occupied units	3,195	7,393,354	105,480,101
Vacant units	237	764,221	10,424,540

Visit US Census

Enter our Photo Sweepstakes and Win $200 for your Bridge City photos!

November 20, 2008

Local Information for Bridge City, TX

Latitude: 30.034211 -- Longitude: -93.842836

Lingerie & Perfumes

Wedding Singer

QROPS

Leader Newspaper

Juice Plus is real fruits and vegetables packed with natural antioxidants